End of Cash in India? RBI’s Digital Currency (CBDC) to Crush Black-Money Network End of Cash in India? RBI’s Digital Currency (CBDC) to Crush Black-Money Network By Vixeli • Published: 29 October 2025 • Reading time: ~6 mins The Reserve Bank of India’s digital rupee (e₹) is more than a payment innovation — it could become a major tool in the fight against unaccounted cash. This article explains what the CBDC is, how it may curb black-money flows, and why physical cash is unlikely to vanish overnight. What is India’s Digital Rupee (e₹)? The digital rupee is a central bank digital currency (CBDC) issued by the RBI. Unlike cryptocurrencies, CBDCs are legal tender backed by the central bank. India’s rollout includes both a retail CBDC for consumers and businesses and a whole...
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